AHR
American Healthcare REIT, Inc.
REIT - Healthcare Facilities
Market Cap$9.52B
5Y Perf.+262.8%
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Stock Comparison
AHR vs VTR vs WELL vs HR
Revenue, margins, valuation, and 5-year total return — side by side.
VTR
Ventas, Inc.
REIT - Healthcare Facilities
Market Cap$41.15B
5Y Perf.+104.6%
WELL
Welltower Inc.
REIT - Healthcare Facilities
Market Cap$149.25B
5Y Perf.+131.1%
HR
Healthcare Realty Trust Incorporated
REIT - Healthcare Facilities
Market Cap$6.98B
5Y Perf.+45.1%
AHR vs VTR vs WELL vs HR — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | AHR | VTR | WELL | HR |
|---|---|---|---|---|
| Industry | REIT - Healthcare Facilities | REIT - Healthcare Facilities | REIT - Healthcare Facilities | REIT - Healthcare Facilities |
| Market Cap | $9.52B | $41.15B | $149.25B | $6.98B |
| Revenue (TTM) | $2.26B | $6.13B | $11.63B | $1.15B |
| Net Income (TTM) | $70M | $260M | $1.43B | $-201M |
| Gross Margin | 15.2% | -4.3% | 39.1% | -9.7% |
| Operating Margin | 7.5% | 13.4% | 4.4% | 19.5% |
| Forward P/E | 66.0x | 118.0x | 78.4x | — |
| Total Debt | $1.59B | $13.22B | $21.38B | $4.15B |
| Cash & Equiv. | $115M | $741M | $5.03B | $26M |
AHR vs VTR vs WELL vs HR — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
AHR
VTR
WELL
HR
| Stock | Feb 24 | May 26 | Return |
|---|---|---|---|
| American Healthcare… (AHR) | 100 | 362.8 | +262.8% |
| Ventas, Inc. (VTR) | 100 | 204.6 | +104.6% |
| Welltower Inc. (WELL) | 100 | 231.1 | +131.1% |
| Healthcare Realty T… (HR) | 100 | 145.1 | +45.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: AHR vs VTR vs WELL vs HR
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: WELL leads in 3 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. American Healthcare REIT, Inc. is the stronger pick specifically for valuation and capital efficiency and recent price momentum and sentiment. VTR and HR also each lead in at least one category. As sector peers, any of these can serve as alternatives in the same allocation.
AHR
American Healthcare REIT, Inc.
The Real Estate Income Play
AHR is the #2 pick in this set and the best alternative if long-term compounding is your priority.
- 292.2% 10Y total return vs WELL's 223.1%
- Better valuation composite
- +54.9% vs VTR's +33.9%
Best for: long-term compounding
VTR
Ventas, Inc.
The Real Estate Income Play
VTR is the clearest fit if your priority is income & stability and defensive.
- Dividend streak 1 yrs, beta 0.01, yield 2.1%
- Beta 0.01, yield 2.1%, current ratio 0.96x
- Beta 0.01 vs AHR's 0.23
Best for: income & stability and defensive
WELL
Welltower Inc.
The Real Estate Income Play
WELL carries the broadest edge in this set and is the clearest fit for growth exposure and sleep-well-at-night.
- Rev growth 35.8%, EPS growth -11.5%, 3Y rev CAGR 22.7%
- Lower volatility, beta 0.13, Low D/E 49.5%, current ratio 5.34x
- 35.8% FFO/revenue growth vs HR's -6.9%
- 12.3% margin vs HR's -17.5%
Best for: growth exposure and sleep-well-at-night
HR
Healthcare Realty Trust Incorporated
The Real Estate Income Play
HR is the clearest fit if your priority is dividends.
- 5.5% yield, vs WELL's 1.3%
Best for: dividends
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | WELL | 35.8% FFO/revenue growth vs HR's -6.9% |
| Value | AHR | Better valuation composite |
| Quality / Margins | WELL | 12.3% margin vs HR's -17.5% |
| Stability / Safety | VTR | Beta 0.01 vs AHR's 0.23 |
| Dividends | HR | 5.5% yield, vs WELL's 1.3% |
| Momentum (1Y) | AHR | +54.9% vs VTR's +33.9% |
| Efficiency (ROA) | WELL | 2.3% ROA vs HR's -2.1%, ROIC 0.5% vs 0.7% |
AHR vs VTR vs WELL vs HR — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
FY 2025
FY 2025
AHR vs VTR vs WELL vs HR — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLAHRLAGGINGHR
Who Leads Where
AHR leads in 2 of 6 categories
WELL leads 1 • HR leads 1 • VTR leads 1 • 1 tied
Explore the data ↓HRHealthcare Realty Tru…
1leads
WELLWelltower Inc.
1leads
VTRVentas, Inc.
1leads
AHRAmerican Healthcare R…
2leads
6 Total Categories
CATEGORYLEADERvs VTRvs WELLMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
WELL3/6
Valuation MetricsMultiples, price ratios, and targets
HR3/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
AHR6/9
Total Returns1Y, 3Y, 5Y total returns with dividends
AHR5/6
Risk & VolatilityBeta, volatility, and downside exposure
VTR2/2
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
WELL leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
WELL is the larger business by revenue, generating $11.6B annually — 10.1x HR's $1.1B. WELL is the more profitable business, keeping 12.3% of every revenue dollar as net income compared to HR's -17.5%. On growth, WELL holds the edge at +40.3% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | AHRAmerican Healthca… | VTRVentas, Inc. | WELLWelltower Inc. | HRHealthcare Realty… |
|---|---|---|---|---|
| RevenueTrailing 12 months | $2.3B | $6.1B | $11.6B | $1.1B |
| EBITDAEarnings before interest/tax | $376M | $2.3B | $2.8B | $767M |
| Net IncomeAfter-tax profit | $70M | $260M | $1.4B | -$201M |
| Free Cash FlowCash after capex | $225M | $1.4B | $2.5B | $201M |
| Gross MarginGross profit ÷ Revenue | +15.2% | -4.3% | +39.1% | -9.7% |
| Operating MarginEBIT ÷ Revenue | +7.5% | +13.4% | +4.4% | +19.5% |
| Net MarginNet income ÷ Revenue | +3.1% | +4.2% | +12.3% | -17.5% |
| FCF MarginFCF ÷ Revenue | +10.0% | +22.4% | +21.9% | +17.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | +11.3% | +22.0% | +40.3% | -10.5% |
| EPS Growth (YoY)Latest quarter vs prior year | +128.8% | 0.0% | +22.5% | +99.8% |
WELL leads this category, winning 3 of 6 comparable metrics.
Valuation Metrics
HR leads this category, winning 3 of 6 comparable metrics.
Valuation Metrics
At 118.1x trailing earnings, AHR trades at a 26% valuation discount to VTR's 160.3x P/E. On an enterprise value basis, HR's 16.8x EV/EBITDA is more attractive than WELL's 66.4x.
| Metric | AHRAmerican Healthca… | VTRVentas, Inc. | WELLWelltower Inc. | HRHealthcare Realty… |
|---|---|---|---|---|
| Market CapShares × price | $9.5B | $41.1B | $149.2B | $7.0B |
| Enterprise ValueMkt cap + debt − cash | $11.0B | $53.6B | $165.6B | $11.1B |
| Trailing P/EPrice ÷ TTM EPS | 118.10x | 160.26x | 153.25x | -28.16x |
| Forward P/EPrice ÷ next-FY EPS est. | 65.97x | 118.01x | 78.42x | — |
| PEG RatioP/E ÷ EPS growth rate | 1.77x | — | — | — |
| EV / EBITDAEnterprise value multiple | 30.93x | 24.31x | 66.40x | 16.84x |
| Price / SalesMarket cap ÷ Revenue | 4.21x | 7.05x | 13.99x | 5.91x |
| Price / BookPrice ÷ Book value/share | 2.46x | 3.18x | 3.35x | 1.50x |
| Price / FCFMarket cap ÷ FCF | 57.37x | 31.25x | 52.41x | 54.95x |
HR leads this category, winning 3 of 6 comparable metrics.
Profitability & Efficiency
AHR leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
WELL delivers a 3.5% return on equity — every $100 of shareholder capital generates $3 in annual profit, vs $-4 for HR. AHR carries lower financial leverage with a 0.47x debt-to-equity ratio, signaling a more conservative balance sheet compared to VTR's 1.05x. On the Piotroski fundamental quality scale (0–9), WELL scores 7/9 vs AHR's 5/9, reflecting strong financial health.
| Metric | AHRAmerican Healthca… | VTRVentas, Inc. | WELLWelltower Inc. | HRHealthcare Realty… |
|---|---|---|---|---|
| ROE (TTM)Return on equity | +2.6% | +2.1% | +3.5% | -4.3% |
| ROA (TTM)Return on assets | +1.5% | +1.0% | +2.3% | -2.1% |
| ROICReturn on invested capital | +2.8% | +2.5% | +0.5% | +0.7% |
| ROCEReturn on capital employed | +3.4% | +3.2% | +0.6% | +1.0% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 | 7 | 7 |
| Debt / EquityFinancial leverage | 0.47x | 1.05x | 0.49x | 0.89x |
| Net DebtTotal debt minus cash | $1.5B | $12.5B | $16.3B | $4.1B |
| Cash & Equiv.Liquid assets | $115M | $741M | $5.0B | $26M |
| Total DebtShort + long-term debt | $1.6B | $13.2B | $21.4B | $4.1B |
| Interest CoverageEBIT ÷ Interest expense | 1.57x | 1.40x | 0.26x | -0.21x |
AHR leads this category, winning 6 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
AHR leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in AHR five years ago would be worth $39,221 today (with dividends reinvested), compared to $10,113 for HR. Over the past 12 months, AHR leads with a +54.9% total return vs VTR's +33.9%. The 3-year compound annual growth rate (CAGR) favors AHR at 57.7% vs HR's 5.5% — a key indicator of consistent wealth creation.
| Metric | AHRAmerican Healthca… | VTRVentas, Inc. | WELLWelltower Inc. | HRHealthcare Realty… |
|---|---|---|---|---|
| YTD ReturnYear-to-date | +5.5% | +12.6% | +14.3% | +19.4% |
| 1-Year ReturnPast 12 months | +54.9% | +33.9% | +42.7% | +38.2% |
| 3-Year ReturnCumulative with dividends | +292.2% | +94.2% | +189.5% | +17.5% |
| 5-Year ReturnCumulative with dividends | +292.2% | +74.8% | +202.3% | +1.1% |
| 10-Year ReturnCumulative with dividends | +292.2% | +65.0% | +223.1% | +39.6% |
| CAGR (3Y)Annualised 3-year return | +57.7% | +24.8% | +42.5% | +5.5% |
AHR leads this category, winning 5 of 6 comparable metrics.
Risk & Volatility
VTR leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
VTR is the less volatile stock with a 0.01 beta — it tends to amplify market swings less than AHR's 0.23 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. VTR currently trades 97.8% from its 52-week high vs AHR's 90.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | AHRAmerican Healthca… | VTRVentas, Inc. | WELLWelltower Inc. | HRHealthcare Realty… |
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.23x | 0.01x | 0.13x | 0.13x |
| 52-Week HighHighest price in past year | $54.67 | $88.50 | $219.59 | $20.46 |
| 52-Week LowLowest price in past year | $32.15 | $61.76 | $142.65 | $14.09 |
| % of 52W HighCurrent price vs 52-week peak | +90.7% | +97.8% | +97.0% | +97.7% |
| RSI (14)Momentum oscillator 0–100 | 51.8 | 56.2 | 60.2 | 77.5 |
| Avg Volume (50D)Average daily shares traded | 2.3M | 3.4M | 2.6M | 3.5M |
VTR leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Evenly matched — WELL and HR each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: AHR as "Buy", VTR as "Buy", WELL as "Buy", HR as "Hold". Consensus price targets imply 14.4% upside for AHR (target: $57) vs -3.3% for HR (target: $19). For income investors, HR offers the higher dividend yield at 5.53% vs WELL's 1.30%.
| Metric | AHRAmerican Healthca… | VTRVentas, Inc. | WELLWelltower Inc. | HRHealthcare Realty… |
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy | Hold |
| Price TargetConsensus 12-month target | $56.75 | $90.80 | $226.50 | $19.33 |
| # AnalystsCovering analysts | 11 | 32 | 34 | 29 |
| Dividend YieldAnnual dividend ÷ price | +2.0% | +2.1% | +1.3% | +5.5% |
| Dividend StreakConsecutive years of raises | 1 | 1 | 2 | 0 |
| Dividend / ShareAnnual DPS | $0.98 | $1.86 | $2.76 | $1.11 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.0% | 0.0% | 0.0% | +0.1% |
Evenly matched — WELL and HR each lead in 1 of 2 comparable metrics.
Key Takeaway
AHR leads in 2 of 6 categories (Profitability & Efficiency, Total Returns). WELL leads in 1 (Income & Cash Flow). 1 tied.
Best OverallAmerican Healthcare REIT, I… (AHR)Leads 2 of 6 categories
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AHR vs VTR vs WELL vs HR: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is AHR or VTR or WELL or HR a better buy right now?
For growth investors, Welltower Inc.
(WELL) is the stronger pick with 35. 8% revenue growth year-over-year, versus -6. 9% for Healthcare Realty Trust Incorporated (HR). American Healthcare REIT, Inc. (AHR) offers the better valuation at 118. 1x trailing P/E (66. 0x forward), making it the more compelling value choice. Analysts rate American Healthcare REIT, Inc. (AHR) a "Buy" — based on 11 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — AHR or VTR or WELL or HR?
On trailing P/E, American Healthcare REIT, Inc.
(AHR) is the cheapest at 118. 1x versus Ventas, Inc. at 160. 3x. On forward P/E, American Healthcare REIT, Inc. is actually cheaper at 66. 0x.
03Which is the better long-term investment — AHR or VTR or WELL or HR?
Over the past 5 years, American Healthcare REIT, Inc.
(AHR) delivered a total return of +292. 2%, compared to +1. 1% for Healthcare Realty Trust Incorporated (HR). Over 10 years, the gap is even starker: AHR returned +292. 2% versus HR's +39. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — AHR or VTR or WELL or HR?
By beta (market sensitivity over 5 years), Ventas, Inc.
(VTR) is the lower-risk stock at 0. 01β versus American Healthcare REIT, Inc. 's 0. 23β — meaning AHR is approximately 2304% more volatile than VTR relative to the S&P 500. On balance sheet safety, American Healthcare REIT, Inc. (AHR) carries a lower debt/equity ratio of 47% versus 105% for Ventas, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — AHR or VTR or WELL or HR?
By revenue growth (latest reported year), Welltower Inc.
(WELL) is pulling ahead at 35. 8% versus -6. 9% for Healthcare Realty Trust Incorporated (HR). On earnings-per-share growth, the picture is similar: American Healthcare REIT, Inc. grew EPS 244. 8% year-over-year, compared to -11. 5% for Welltower Inc.. Over a 3-year CAGR, WELL leads at 22. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — AHR or VTR or WELL or HR?
Welltower Inc.
(WELL) is the more profitable company, earning 8. 8% net margin versus -20. 8% for Healthcare Realty Trust Incorporated — meaning it keeps 8. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: VTR leads at 14. 2% versus 3. 3% for WELL. At the gross margin level — before operating expenses — WELL leads at 39. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is AHR or VTR or WELL or HR more undervalued right now?
On forward earnings alone, American Healthcare REIT, Inc.
(AHR) trades at 66. 0x forward P/E versus 118. 0x for Ventas, Inc. — 52. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for AHR: 14. 4% to $56. 75.
08Which pays a better dividend — AHR or VTR or WELL or HR?
All stocks in this comparison pay dividends.
Healthcare Realty Trust Incorporated (HR) offers the highest yield at 5. 5%, versus 1. 3% for Welltower Inc. (WELL).
09Is AHR or VTR or WELL or HR better for a retirement portfolio?
For long-horizon retirement investors, Ventas, Inc.
(VTR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 01), 2. 1% yield). Both have compounded well over 10 years (VTR: +65. 0%, HR: +39. 6%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between AHR and VTR and WELL and HR?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: AHR is a small-cap quality compounder stock; VTR is a mid-cap high-growth stock; WELL is a mid-cap high-growth stock; HR is a small-cap income-oriented stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(AHR: 11.3% · VTR: 22.0%)Net Margin>
%
(AHR: 3.1% · VTR: 4.2%)P/E Ratio<
x
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